identifying market segments‚ selecting one or more of them‚ and developing products and marketing programs tailored to each. If the company wants to focus their target marketing‚ they must follow the three major steps: 1. Market segmentation‚ which is dividing a market into distinct groups of buyers with different needs characteristics‚ or behaviour who might require separate products or marketing mixes. 2. Market targeting‚ which is evaluating each market segment’s attractiveess
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KOLEJ TUNKU ABDUL RAHMAN SCHOOL OF BUSINESS STUDIES 2013/2014 DMK2‚ DEM2 & DRM2 COURSEWORK: ABDT3074 MARKETING RESEARCH (40%) INSTRUCTIONS: 1. There are two types of coursework as follows: 1.1 Coursework 1 (20 marks) is a Mid-Term Test and 1.2 Coursework 2 (80 marks) is a group written assignment and individual presentation. 2. Coursework 1 is a Mid-Term Test to be conducted in Week 6 based on a Case Study. Students are required to write answers to the Case Study questions
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report ............................................................................... Marketing Management Marketing Management defined.................................................................. Mission and objectives ................................................................................ Task marketer to manage the marketing activities............................... Benefits of marketing management.............................................................. Market orientation
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1 LO1 Various elements of the marketing process 1 The benefit and costs of marketing orientation for XYX manufacturing 1-2 LO2 Macro and micro environmental factors which influence marketing decisions 2 Segmentation criteria to be used for products in different markets 2-3 Targeting Strategy for a selected product/service 3 Buyer behaviour which affects marketing activities in different buying situations 3 Buyer behaviour which affects marketing activities in different buying
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Marketing by Tymkiv N.M. and Krytsak O.O. UNIT 1 MARKETING 1. GENERALITIES One of the areas of management is marketing. Marketing is the process of planning and executing the conception‚ pricing‚ promotion and distribution of ideas‚ goods‚ and services to create exchanges that satisfy individual and organizational objectives. Marketing makes products available where customers want them by transferring the ownership of products to buyers. The entire business organization is involved
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References: Sandhusen S. L. (2000). Marketing. 5th ed. NewYork. Barron’s Educational Series Belch G Baines P‚ Fill C and Page K - Marketing (Oxford University Press‚ 2008 ISBN 978- 0199290437 Kotler P et all - Principles of Marketing‚ 5th Edition (Financial TimesjPrentice Hall‚ 2010) ISBN 978-0273743279 Levens M - Marketing (Pearson Education‚ 2009) ISBN 978-0137013296 Pride W F and Ferrell 0 C - Marketing (Houghton Mifflin‚ 2007 ISBN 978-0618799701 Solomon M R et al - Marketing: Real People‚ Real
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The Marketing Mix and 4 Ps The 4Ps are: • Product (or Service) • Place • Price • Promotion A good way to understand the 4 Ps is by the questions that you need to ask to define you marketing mix. Here are some questions that will help you understand and define each of the four elements: Product/Service • What does the customer want from the product/service? What needs does it satisfy? • What features does it have to meet these needs? • Are there any features you’ve missed out? • Are you
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CASE STUDY 10H VIAGRA – AN OUTSTANDING GROWTH STRATEGY MARKETING STRATEGY Viagra is now virtually a household word. Perhaps not a word readily used in most households‚ whether or not it is present in the confines of the medicine cabinet or the sock drawer‚ but a word that is readily recognised and has developed a strong image very quickly. The little blue‚ diamond-shaped pill to cure impotence was always going to be what the pharmaceutical industry calls a ’blockbuster ’ drug.
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Marketing Myopia Marketing Myopia can be defined as a short-sighted and inward looking approach to marketing that focuses on the needs of the company instead of defining the company and its products in terms of the customers’ needs and wants. It results in the failure to see and adjust to the rapid changes in their markets. For example‚ transportation is a generic need filled by buses‚ cars‚ trains‚ airlines and shipping lines all of them being in the transport business. Finding the generic
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MARKETING MANAGEMENT ICA 1 PROJECT TITLE: Converse Table of Content Table of Content 1 Executive Summary 2 Company Profile 2 SWOT Analysis 3 Marketing Offer and Philosophy 4 Target Customer Segment(s) and their Needs / Demands 5 Competitors Analysis 5 Marketing Strategies (4Ps) 7 Strengths & Weakness of Marketing Strategies 8 Recommendations / Suggestions for Improvements 9 Conclusion 9 Appendices 11 Executive Summary Included in the company profile
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